The best trading platforms for prop companies

What is a trading company?

ONE prop companyor company of prop tradeis a company that supplies traders with its own funds to trade in the financial markets.

What is a trading company?

If the trader makes a profit, he keeps a percentage of the winnings (usually between 50% and 90%), while the prop company keeps the rest. This is called Profit Split.

To access funds from a prop company, you must first pass one assessmentoften called “challenge“.

This is how a prop company worksThis is how a prop company works

During this period, you act on one demo account with virtual money. If you achieve the goals set by the prop company (target profit, maximum withdrawal, number of trading days, etc.) while respect the rulesyou get one account funded with real money.

So you can keep a share of the profits you generate.

Ranking of the best prop companies

Here is a comparative table of the most important ones prop companies in 2024:

Prop Company Registration for the challenge Profit Split Instruments
Platforms
Payment
FTMO From €155 to €1080 80% to 90% Forex, Indices, Commodities, Crypto MT4, MT5, cTrader Bi-monthly
Collect my funds From €135 to €1080 80% to 90% Forex, Indices, Commodities, Crypto MT5 Monthly
Apex Trader Funding From $147 to $657 100% up to $25K then 90% Futures NinjaTrader, Tradovate, TradingView, Rithmic Bi-monthly
WeGetFunded From $79 to €1199 80% to 90% Forex, Indices, Commodities, Crypto cTrader Monthly
Crypto Fund Trader From $60 to $1199 50% to 80% Mainly crypto, but also stocks, indices, commodities, Forex MT4, MT5 Monthly

What are the best prop companies in 2024?

Choose the best prop company can be complicated, with many options on the market. To make your search easier, we’ve rated the top prop companies based on their popularity, reliability, profit sharing and easy payment.

here is best prop companies in 2024 according to these criteria:

FTMO

Best FTMO Prop CompanyBest FTMO Prop Company

FTMO is one of the most reputable and popular prop companies on the market. This Czech company was founded in 2015 and offers funded accounts of up to $200,000.

Advantages of FTMO

  • 2-step evaluation process with clear rules
  • Up to 90% profit sharing
  • Payouts of winnings on demand, every 14 days
  • Offers the most used trading platforms: MT4, MT5, cTrader
  • Strong reputation and very good ratings from traders on Trustpilot

Disadvantages of FTMO

  • Requires taking the 2-step assessment, which may be difficult for some merchants
  • Challenge entry fees are higher than other prop companies

Collect my funds

Raise My Funds Prop CompanyRaise My Funds Prop Company

Collect my funds is a French prop company recently launched which is gaining popularity. It offers accounts funded up to $200,000 and attractive profit sharing.

Benefits of Raise My Funds

  • Relatively simple 2-step challenge
  • Up to 90% profit sharing
  • Quick withdrawals of winnings
  • Offers the MT5 trading platform

Disadvantages of Raise My Funds

  • New prop company with still few opinions and feedback from traders
  • Some traders complain about problems with the partner broker

Apex Trader Funding

Apex Trader FundingApex Trader Funding

Apex Trader Funding is an American prop company specializing in financing traders in the futures market. It stands out from other prop companies by its simplified challenge, optimized in a single step.

Benefits of Apex Trader Funding

  • One-step challenge, easier to complete
  • Very favorable profit sharing: 100% up to $25,000 in winnings
  • Ability to trade full size futures contracts from the start
  • Good reputation and positive reviews from traders on Trustpilot

Disadvantages of Apex Trader Funding

  • Specialized in futures only, does not allow spot trading on forex or stock markets, or even CFDs.
  • Recurring monthly fees to access the trading platform

WeGetFunded

WeGetFunded prop company tradingWeGetFunded prop company trade

WeGetFunded is a young French prop company that stands out for its desire to democratize access to funded trade.

Advantages of WeGetFunded

  • Offers a free trial challenge to test the platform
  • 2-stage selection process with flexible rules
  • Profit sharing up to 90%
  • Active community of traders on Discord

Disadvantages of WeGetFunded

  • Very new company, little feedback on reliability and payouts of winnings at the moment
  • The maximum amount for funded accounts is limited to $200,000

Crypto Fund Trader

crypto fund tradescrypto fund trades

Crypto Fund Trader is a prop company specializing in financing traders on the securities market. cryptocurrenciesbut also allows you to trade other assets.

Advantages of Crypto Fund Trader

  • Allows you to trade a wide range of assets, especially cryptocurrencies
  • Sharing of attractive profits
  • Fairly simple selection process

Disadvantages of Crypto Fund Trader

  • Some information and reviews available about this brand new prop company
  • Specializing in the cryptocurrency market, which remains highly volatile

Choosing the best prop company depends on your business profileof markets that you want to act and your Goal.

FTMO remains the benchmark for its solidity and reputation. Apex Trader Funding is ideal for US futures traders. Collect my funds And WeGetFunded are serious challengers with attractive conditions. Finally, Crypto Fund Trader can be interesting if you mainly trade cryptos.

To choose the prop company that is best for you, consider the following criteria:

  • Your trading style (scalping, day trading, swing trading, etc.)
  • Your favorite assets (forex, indices, futures, crypto, etc.)
  • The trading platform you master (MT4, MT5, cTrader, etc.)
  • The amount you are willing to invest to complete the challenge
  • The split profit level you are aiming for
  • The frequency and payout methods that suit you

You are welcome to contact the company’s customer supportit interests you to ask your questions before committing.

They are generally responsive and it is always better to understand all the ins and outs of a prop company before starting the challenge.

What level is required to start a prop company?

There is normal no minimum level required to sign up for a prop company challenge. Some beginners try their luck after only a few months of training.

It is strong though is recommended to have a solid foundation in trading and in money management before getting started. First develop a profitable strategy and backtest on a demo account.

Prop companies are looking disciplined and consistent tradersable to follow a trading plan, which sometimes makes the challenges complex for some budding traders.

To make money with a prop companyyou must first succeed in the challenge by achieving the set goals. Once you have funded your account, you will be paid with a percentage of the profit which you will generate while shopping.

How to make money with a trading companyHow to make money with a trading company

The bigger your account, the bigger your potential earnings will be. Most prop companies offer one scaling plan which gradually increases your capital if you prove yourself over time.

You can therefore opt out $10,000 to $100,000 or even $1,000,000 account funded in a few months or years.

Be careful though, trading involves risks and there’s no guarantee you’ll be profitable in the long run, even with the prop company’s money. Set realistic goals and always preserve your capital.

What strategy to succeed in your prop company challenge?

Succeeding with a prop company requires rigor, discipline and a good trading strategy. Here are some important tips to maximize your chances of success:

  1. Strictly follow the rules of the challenge: Before you begin, make sure you understand all the terms, including withdrawal limits and profit targets. Failure to follow the rules is the main cause of failure.
  2. Follow your trading plan to the letter: has a proven strategy and applies it consistently. Don’t be influenced by your emotions or external signals. Consistency is key.
  3. Strictly manage your risk: use stop-losses and limit your risk per trade to a maximum of 1%. Conserve your capital to be able to reach your goals during the duration of the challenge.
  4. Aim for consistency over spectacular gains: it is better to aim for modest but consistent profits than to search for the “perfect trade”. Prop firms value stability of performance.
  5. Start with a manageable challenge: choose a challenge with a reasonable amount for your level. It is better to complete a small challenge and then progress. To fail from the start of a big challenge would be counterproductive. 15

By applying these principles strictly and working on your trading psychology, you will put all the odds on your side get a funded account of a prop company and low develop your account.

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Are prop companies a scam?

The market for prop companies has grown significantly in recent years and has attracted many traders looking for financing. However, this craze also saw the appearance unscrupulous companies or even outright fraud.

are prop companies a scamare prop companies a scam

So are prop companies scams?

The answer is None, prop companies are not a scam by nature. Their business model for funding talented traders is completely legitimate.

Many serious companies allow traders to manage significant funds and keep a significant portion of the profits.

However, there is no doubt dishonest prop companies in the market which takes advantage of the inexperience of certain traders. Common scams include:

  • Unfair trading conditions and rules which are deliberately difficult to respect
  • Technical problems on trading platforms (proxies, interruptions, etc.)
  • Payments of profits rejected under false pretenses
  • Paid challenges without a real trading account behind

To avoid unpleasant surprises, it is more than necessary to choose one trusted prop companywith a reputation established and notice positive from traders.

Be wary of companies that make promises unrealistic returns or who put one too much commercial pressure.

Prop companies are therefore not a scam in themselves. They provide real opportunities for efficient and rigorous traders. But Warning remains relevant against numerous malicious actors.

Do your research, take your time and focus on your trade. With work and the right mindset, prop companies can be a great springboard for your trading capital.

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